Shopify Stock Soars to New High -- 5 Metrics Driving It Higher

Shopify Stock Soars to New High -- 5 Metrics Driving It Higher

It was just over six months ago when I wrote about Shopify's (NYSE: SHOP) mind-boggling 200% rise in just 12 months. Now the e-commerce platform company's stock has climbed 89% higher. It's been on an absolute tear, up a wild 363% since the beginning of 2016.

With Shopify stock hitting new highs again this week, it's a good time to look at some of the metrics driving so much optimism. Five metrics, in particular, stand out as key factors behind the company's success recently. 

Shopify e-commerce platform. Image source: Shopify.

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Source: Fool.com